WorksheetsEntrepreneurship Final Review
Total questions: 40
Worksheet time: 20mins
What does ADA compliance in a restaurant primarily focus on?
foot traffic
restaurant design
restaurant competition
location visibility
What does the term "seating capacity" refer to?
total number of people who can sit down to eat in a restaurant
visibility of a restaurant from the nearest road
distance customers are willing to travel to get to a restaurant
organization's plan for land use and regulations
Who typically collaborates to create the menu?
restaurant owner and staff members
executive chef and kitchen staff
restaurant owner and executive chef
executive chef and photographers
How can a restaurant enhance its revenue when serving alcoholic beverages?
by increasing food portion sizes
by eliminating beverage options
by serving alcohol only on weekends
by pairing beverages with food options
What type of menu strategy is suggested to increase comprehension by almost 20 percent?
scattered with photographs
dishes paired with beverages
plenty of white space
dishes listed without sections
How is the plate cost calculated?
dividing cost by ideal food cost percentage
dividing cost by selling price and multiplying by 100
multiplying cost by ideal food cost percentage
adding up all costs of items without considering waste
What is the average markup percentage for most restaurant menu items?
300 percent
100 percent
400 percent
200 percent
What is upselling?
measurement
pricing strategy
sales strategy
calculation
How can a restaurant add value if its pricing exceeds competitors?
provide outdoor seating
add extra service charges
lower the quality of ingredients
reduce the menu options
What does the "par level" in restaurant inventory refer to?
amount of food that should be on hand until next order delivery
maximum stock level that should be maintained at all times
total quantity of food to be ordered in an entire month
lowest acceptable quality for food products for menu items
What are the three pieces of information examined during a traditional count for ordering needs?
supplier information, product pricing, and expiration dates
par value, quantity on hand, and quantity to order
customer preferences, marketing, and business hours
cooking methods, recipe ingredients, and work hours
What can daily, weekly, or monthly inventory counts help with?
monitoring the weather forecast
reducing the need for employee training
identifying the most popular menu items
utilizing products on the shelf
Why is optimizing workflow important?
to ensure efficient staff movement
to enhance the restaurant's interior design
to focus on reducing construction costs
to reduce the need for staff training
What does high employee turnover in a restaurant lead to?
increased efficiency and lower hiring costs
higher customer satisfaction from employees
increased expenses for hiring and training
improved staff morale and less staff terminations
What is the role of creating a positive restaurant climate in reducing employee turnover?
It primarily involves focusing on employee training.
It ensures competitive wages and benefits for all staff.
It minimizes the need for efficient management.
It fosters an atmosphere where employees thrive.
What should be considered first when creating a marketing strategy?
target market
budget
restaurant location
social media
What percentage of total sales is typically allocated to marketing costs?
1-3 percent
3-6 percent
6-9 percent
9-12 percent
How can social media algorithms help in reaching the target market?
by sending random posts to random users
by promoting unrelated content to the target market
by avoiding the use of hashtags and computations
by driving posts to people interested in seeing them
Once you have developed a strategy, what are the essential steps in implementing a restaurant's social media strategy?
creating social media accounts and deciding on software tools
posting content randomly and without a schedule
using any social media management software that's available
setting up social media accounts but ignoring a content calendar
What does the "rule of thirds" in social media content suggest?
to divide content into three categories
to promote the business in every third post
to post photos in three different sizes
to create content for three types of customers
Which of the following is helpful in assessing a new business opportunity?
Working in a related business
Exposure to potential customers of the new business
Both a) and b)
None of the above
What does SWOT stand for?
Special Wholesale Offers and Terms
Simple Ways Of Teambuilding
Strengths, Weaknesses, Opportunities, Threats
Reviewing census data to see how many seniors over 55 are near your proposed location is an example of:
Primary research
Secondary research
Neither of the above
Compared with buying a new business, starting a business from scratch is usually:
More risky
Less risky
A business with two owners where the profits are taxed as income to the owners is most likely a:
Sole proprietorship
Partnership
Corporation
Which form of business gives you, the business owner, the most protection from lawsuits targeting your business?
Sole proprietorship
Partnership
Corporation
A business plan is useful to:
Think through all aspects of the business
Secure financing
Set specific objectives
All of the above
A target consumer is:
Who you will pitch to
A potential investor
Someone likely to purchase your product or service
A consumer agency
What is a call to action?
Emergency call
Call to a small business foundation
Appeal for funding
Proposed next step that requires the listener to respond
True or False: It's called an "elevator pitch" because it is meant to elevate your chances of getting funding.
True
False
The balance sheet shows:
Amortization tables
Revenue, expenses, and profit
Assets, liabilities, and equity
Payroll taxes
A share of stock represents:
A portion of ownership in the company
The right to be repaid a fixed dollar amount
An option to purchase part of the company
A promise to pay the company fixed monthly amounts
Checking references refers to:
Reviewing dates on the resume
Asking the candidate details to verify past jobs
Calling or contacting previous employers
None of the above
Good sources of affordable equipment include:
Similar businesses that are closing
Used equipment dealers
The Internet
All of the above
Packaging includes:
The container for your product
Identifying labels
Attractive presentation of your product
All of the above
A company's market share is:
Its revenue divided by the revenue of all competitors in the market
Its profit divided by the profit of all competitors in the market
Its market value divided by the market value of all competitors in the market
Which type of customer is more likely to tell others of their experience?
Happy customer
Unhappy customer
An example of a risk not specific to a business is:
One of a business's trucks getting in an accident
A kitchen fire
A customer slipping and falling
An economic downturn
If you want to see how much cash you have left, you should consult your:
Balance sheet
Income statement
SOP manual
Strategic plan
In addition to being yours and written down, strong goals must have what three qualities?
Specific, meaningful, and have a common thread
Singular, measurable, and have a foundation
Singular, meets a need, and have a time limit
Specific, measurable, and have a time limit
